Market Overview:
The global audiobook service market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for audiobooks among personal users, enterprise users, and educational users. Audiobooks are gaining popularity owing to their ability to provide an immersive experience that engages listeners better than traditional text-based books. Additionally, technological advancements such as voice recognition technology are aiding in the proliferation of audiobooks. The comprehensive audiobook segment is expected to account for a major share of the global audiobook service market during the forecast period. This can be attributed to the growing demand for long-form content among personal users and enterprise users.
Product Definition:
An audiobook service is a business that provides digital audiobooks for its customers to listen to. Audiobooks can be listened to on a variety of devices, including phones, tablets, and computers. They are often used as an alternative to traditional books, as they allow the listener to multitask while they listen.
Comprehensive Audiobook:
Comprehensive Audiobook, sometimes referred to as Complete Audio Book or Full-cast Audio Book is a collection of individual audio recordings bound into one volume. The Comprehensive Audiobook can be categorized as Fiction or Non-Fiction based on the content of the book. It's primary function is to provide complete entertainment experience for listeners by immersing them in story world with characters and mood music setting just like a movie.
Sci-fi Audiobook:
Sci-fi audiobook is a new term in the market and it covers an entire genre of books. It’s basically a novel or short story collection with science fiction themes or elements. Themes can vary from robots to time travel to outer space, but they all have one common element that sets them apart from regular fiction books; the technology used by the characters in the book.
Application Insights:
Personal users listen to audiobooks for recreation and education. Audiobook services are increasingly being adopted by personal users as an entertainment medium, which is expected to drive the market over the forecast period. The growing popularity of audio books among personal users is attributed to factors such as increasing disposable income, rising standards of living, and changing lifestyles.
Enterprise-level application segment in the market for audiobook service comprises companies that deploy a full-time or part-time professional narrator who records stories in a studio environment with sound effects and music played through recorded narration. Enterprise level audiobook services enable organizations to provide customized content based on their requirements thus driving growth over the forecast period. For instance, In January 2017, Audible Inc.
Regional Analysis:
In 2017, North America dominated the global audiobook service market with a revenue share of more than 50.0%. The growth is majorly attributed to the high usage of audio books in U.S for various purposes such as education, training, and entertainment. In addition, rising number of smartphone users coupled with advanced technology penetration in this region has created a wide scope for audiobooks across this region.
Asia Pacific is expected to witness significant growth over the forecast period owing to increasing adoption of digital services among people in countries like India and China who prefer these services especially while traveling or commuting on road which helps them avoid traffic congestion or while doing household chores thus making it convenient for them resulting into increased demand across this region over the forecast period.
Growth Factors:
- Increasing demand for audiobooks from the young population.
- Proliferation of audiobook devices and apps that make it easy to access audiobooks.
- Growing popularity of spoken word content among podcast listeners and radio enthusiasts.
- Availability of a wide range of titles in different languages across genres catering to different demographics worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Audiobook Service Market Research Report
By Type
Comprehensive Audiobook, Sci-fi Audiobook, Romantic Audiobook, Thriller Audiobook, Kid Audiobook, Detective Audiobook, Narrative Audiobook, Others
By Application
Personal User, Enterprise User, Educational User, Others
By Companies
Audible, Blinkist, BookBeat, Downpour, Google Play, hoopla, iTunes, KOBO, Libby, Librivox, Libro fm, Nook Audiobooks, Qingting FM, Scribd, SoundCloud, Spotify, TuneIn, Ximalaya FM, YouTube
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
207
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Audiobook Service Market Report Segments:
The global Audiobook Service market is segmented on the basis of:
Types
Comprehensive Audiobook, Sci-fi Audiobook, Romantic Audiobook, Thriller Audiobook, Kid Audiobook, Detective Audiobook, Narrative Audiobook, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Personal User, Enterprise User, Educational User, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Audible
- Blinkist
- BookBeat
- Downpour
- Google Play
- hoopla
- iTunes
- KOBO
- Libby
- Librivox
- Libro fm
- Nook Audiobooks
- Qingting FM
- Scribd
- SoundCloud
- Spotify
- TuneIn
- Ximalaya FM
- YouTube
Highlights of The Audiobook Service Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Comprehensive Audiobook
- Sci-fi Audiobook
- Romantic Audiobook
- Thriller Audiobook
- Kid Audiobook
- Detective Audiobook
- Narrative Audiobook
- Others
- By Application:
- Personal User
- Enterprise User
- Educational User
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Audiobook Service Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Audiobook Service is a subscription service that allows users to listen to audiobooks on their devices. The service offers a variety of audiobooks, including classics, new releases, and popular genres. Users can access the audiobooks through an app or website. Audiobook Service also offers exclusive content not available on other services.
Some of the major players in the audiobook service market are Audible, Blinkist, BookBeat, Downpour, Google Play, hoopla, iTunes, KOBO, Libby, Librivox, Libro fm, Nook Audiobooks, Qingting FM, Scribd, SoundCloud, Spotify, TuneIn, Ximalaya FM, YouTube.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Audiobook Service Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Audiobook Service Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Audiobook Service Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Audiobook Service Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Audiobook Service Market Size & Forecast, 2018-2028
4.5.1 Audiobook Service Market Size and Y-o-Y Growth
4.5.2 Audiobook Service Market Absolute $ Opportunity
Chapter 5 Global Audiobook Service Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Audiobook Service Market Size Forecast by Type
5.2.1 Comprehensive Audiobook
5.2.2 Sci-fi Audiobook
5.2.3 Romantic Audiobook
5.2.4 Thriller Audiobook
5.2.5 Kid Audiobook
5.2.6 Detective Audiobook
5.2.7 Narrative Audiobook
5.2.8 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Audiobook Service Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Audiobook Service Market Size Forecast by Applications
6.2.1 Personal User
6.2.2 Enterprise User
6.2.3 Educational User
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Audiobook Service Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Audiobook Service Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Audiobook Service Analysis and Forecast
9.1 Introduction
9.2 North America Audiobook Service Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Audiobook Service Market Size Forecast by Type
9.6.1 Comprehensive Audiobook
9.6.2 Sci-fi Audiobook
9.6.3 Romantic Audiobook
9.6.4 Thriller Audiobook
9.6.5 Kid Audiobook
9.6.6 Detective Audiobook
9.6.7 Narrative Audiobook
9.6.8 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Audiobook Service Market Size Forecast by Applications
9.10.1 Personal User
9.10.2 Enterprise User
9.10.3 Educational User
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Audiobook Service Analysis and Forecast
10.1 Introduction
10.2 Europe Audiobook Service Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Audiobook Service Market Size Forecast by Type
10.6.1 Comprehensive Audiobook
10.6.2 Sci-fi Audiobook
10.6.3 Romantic Audiobook
10.6.4 Thriller Audiobook
10.6.5 Kid Audiobook
10.6.6 Detective Audiobook
10.6.7 Narrative Audiobook
10.6.8 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Audiobook Service Market Size Forecast by Applications
10.10.1 Personal User
10.10.2 Enterprise User
10.10.3 Educational User
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Audiobook Service Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Audiobook Service Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Audiobook Service Market Size Forecast by Type
11.6.1 Comprehensive Audiobook
11.6.2 Sci-fi Audiobook
11.6.3 Romantic Audiobook
11.6.4 Thriller Audiobook
11.6.5 Kid Audiobook
11.6.6 Detective Audiobook
11.6.7 Narrative Audiobook
11.6.8 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Audiobook Service Market Size Forecast by Applications
11.10.1 Personal User
11.10.2 Enterprise User
11.10.3 Educational User
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Audiobook Service Analysis and Forecast
12.1 Introduction
12.2 Latin America Audiobook Service Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Audiobook Service Market Size Forecast by Type
12.6.1 Comprehensive Audiobook
12.6.2 Sci-fi Audiobook
12.6.3 Romantic Audiobook
12.6.4 Thriller Audiobook
12.6.5 Kid Audiobook
12.6.6 Detective Audiobook
12.6.7 Narrative Audiobook
12.6.8 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Audiobook Service Market Size Forecast by Applications
12.10.1 Personal User
12.10.2 Enterprise User
12.10.3 Educational User
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Audiobook Service Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Audiobook Service Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Audiobook Service Market Size Forecast by Type
13.6.1 Comprehensive Audiobook
13.6.2 Sci-fi Audiobook
13.6.3 Romantic Audiobook
13.6.4 Thriller Audiobook
13.6.5 Kid Audiobook
13.6.6 Detective Audiobook
13.6.7 Narrative Audiobook
13.6.8 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Audiobook Service Market Size Forecast by Applications
13.10.1 Personal User
13.10.2 Enterprise User
13.10.3 Educational User
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Audiobook Service Market: Competitive Dashboard
14.2 Global Audiobook Service Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Audible
14.3.2 Blinkist
14.3.3 BookBeat
14.3.4 Downpour
14.3.5 Google Play
14.3.6 hoopla
14.3.7 iTunes
14.3.8 KOBO
14.3.9 Libby
14.3.10 Librivox
14.3.11 Libro fm
14.3.12 Nook Audiobooks
14.3.13 Qingting FM
14.3.14 Scribd
14.3.15 SoundCloud
14.3.16 Spotify
14.3.17 TuneIn
14.3.18 Ximalaya FM
14.3.19 YouTube
